1000 N NELTNOR BLVD West Chicago IL 60185-5987

CORPORATE LEASE: New 10 year lease with Heartland Dental, the

largest DSO organization in the U.S., with more than 1,800 dental

offices in 38 states. 2022 revenue was $1.2bn.

RARE ABS. NNN LEASE STRUCTURE: The tenant is responsible for

all maintenance including roof, structure, and parking lot providing

completely passive ownership.

SCHEDULED RENT INCREASES: The lease calls for rental increases

of 10% every five years including the option periods.

RECENT RENOVATION: Heartland Dental recently renovated the

former bank branch to their specifications, limiting any potential CAPX

exposure for the landlord.

CONVENIENT ACCESS: The property is located on IL-59 (29,666

VPD), a major North/South thoroughfare that connects the property

to IL-64 (34,880 VPD), a major East/West road running to downtown

Chicago.

CHICAGO MSA LOCATION: West Chicago is home to an affluent

customer base for Heartland Dental, with average household incomes

of $130,000 within 1 mile of the site.